Gold Price Hits Another 2019 High – Setup for Long-term Rally by XAU/USD

Gold Price Talking Points: The gold fee rally in June may additionally mark the continuation of a main bottoming effort that started out in 2017, after breaking the multi-12 months descending trendline from the 2011 excessive. The multi-year inverse head and shoulders sample factors to gold charge goals between 1685.67 and 1820.99. Gold volatility, as […]

Precious Metals: Gold, silver futures weaken on subdued spot call for

On the Multi Commodity Exchange, gold for transport in August contracts traded lower with the aid of Rs 227, or zero.66 per cent, to Rs 34,329 consistent with 10 gram with a commercial enterprise turnover of 18,306 lots. Gold for delivery in October contracts also fell through Rs 239, or zero.69 in step with cent, […]

Gold Price Rally Stalls as Fed Officials Endorse ’Insurance Cut’.

Gold Price Talking Points The fee of gold may additionally preserve to show off a bullish conduct because it clears the August 2013-high ($1434), but fresh comments popping out of the Federal Reserve seem like rattling the near-term rally as central financial institution officials tame bets for a fee slicing cycle. Gold Price Rally Stalls […]

Gold futures down zero.86% at Rs 34,221 per 10 gram in nighttime trade

Gold expenses were buying and selling decrease via Rs 345 at Rs 34,221 per 10 gram in night exchange on June 26 after investors cut positions on vulnerable overseas fashion and feedback from america Fed officers. The retail price of gold changed into Rs 34,060 in line with 10 gram apart from GST in Mumbai. […]

Gold expenses continue to upward thrust, hover round Rs 35,000; right here’s why

Gold fees hold to upward thrust for the sixth consecutive consultation on Tuesday as investors shifted toward secure haven belongings amid continual concerns over escalating geopolitical tensions coupled with increase in home demand. On the domestic front, gold for delivery in August contracts traded better by way of 1.31 according to cent to Rs 34,893 […]

Gold surges 12% in a month, hits 6-yr excessive; what should buyers do?

Gold fees hit their highest degrees in final six years by way of surpassing $1,four hundred an oz. Final week. The metal has received almost 12 percent in a month time. The recent rally in gold is a end result of uncertainty inside the international markets with the escalation of US-China alternate struggle, geo-political tensions […]

MCX gold open hobby spikes to twenty-five tonne as volatility spirals

Kolkata: The growing volatility in gold charges has induced hedgers to use MCXNSE 0.87 % futures platform, so much in order that the open interest in gold on MCX breached 25 metric tonnes (MT) and turned into at 25.4 metric tonnes on June 25 whilst gold costs hit a 6-12 months high. This is the […]

Six-Years Of Gold Market Spoofing Results In $25 Million Fine

U.S. Regulatory authorities are cracking down on corporations who unfairly manage or “spoof” the valuable metals marketplace. Tuesday, the Commodity Futures and Trading Commission (CFTC) fined Merrill Lynch Commodities, Inc. (MLCI) $25 million. The prices were related to allegations that buyers at MLCI attempted to manipulate treasured metals futures over a six-year period among 2008 […]

Gold Prices Pull Back After Recent Strong Gains

Gold fees are down in early U.S. Trading Wednesday on some regular profit taking and chart consolidation after hitting a six-year excessive of $1,442.90 in August futures on Tuesday. Bulls nonetheless have the solid technical benefit. August gold futures were ultimate down $eight.10 an oz. At 1,410.60. July Comex silver fees have been ultimate down […]